Inflation Nation: Money as Debt »
Posted by: populist 2 months agoOne wonders how individuals, banks, governments, and other entities can all be in debt at the same time, owing astronomical amounts of money. This question is answered when we consider that banks don't lend actual money; they create it from debt, and since debt is potentially unlimited, so is the supply of money.
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Amazing12 months ago
Thank you. This is a well written piece. Would that more people were aware of it and cognizant of its implications. We have a fiat currency. Like an overblown ballon, it WILL explode. Sooner rather than later, methinks. Hard times are a-coming.
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ASuki1 month, 2 weeks ago
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populist
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